Examining Nuclear Materials Transportation Market Growth and Size for Strategic Decision-Making
The nuclear materials transportation market size was USD 1.22 Billion in 2021 and is expected to register a revenue CAGR of 7.4% during the forecast period, according to the latest analysis by Emergen Research. Increasing popularity of blockchain in logistics of nuclear materials and rising adoption of radioactive materials for spacecraft are major factors driving revenue growth of the market. A radioisotope power system is one that transforms heat into electricity. When a radioactive substance decays, heat is released. This substance is used by engineers to create thermocouples, which produce electricity. The thermocouple has a hot and cold shoe and this heat causes electrical charges to move from hot to the cold shoe, creating an electrical voltage. This heat is transported across a significant temperature differential. Furthermore, this produces usable electrical power, which can be used to fuel various spacecraft and for other electrical purposes. This market intelligen...